LVW Advisors LLC Buys New Shares in Aflac Incorporated (NYSE:AFL)

LVW Advisors LLC purchased a new position in Aflac Incorporated (NYSE:AFL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,812 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of Aflac by 6.7% during the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after purchasing an additional 113,226 shares during the period. Czech National Bank boosted its holdings in shares of Aflac by 6.4% in the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock worth $8,800,000 after buying an additional 5,912 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Aflac by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock worth $61,653,000 after acquiring an additional 22,637 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Aflac by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock valued at $60,810,000 after acquiring an additional 86,578 shares during the period. Finally, M&G Plc purchased a new stake in shares of Aflac in the 2nd quarter valued at approximately $2,535,000. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the sale, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Aflac Trading Up 1.5 %

Shares of AFL stock opened at $113.26 on Friday. The business’s 50 day moving average is $107.90 and its two-hundred day moving average is $94.90. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The company has a market cap of $64.36 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. Equities analysts predict that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio is currently 22.08%.

Analysts Set New Price Targets

Several analysts have issued reports on AFL shares. Bank of America boosted their target price on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group dropped their target price on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Morgan Stanley raised their price target on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Truist Financial increased their target price on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Citigroup boosted their price target on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.53.

About Aflac

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.